Stratex Share Discussion Threads

[exbiz] 15/11/2016 13:17

Yes so you said before Shortarm and yet you didn't share those answers so why repeat what you didn't substantiate last time.

[shortarm] 15/11/2016 09:57

I got two replies to the same question.Maybe I phrased my question more politely?

[charles clore] 14/11/2016 22:35

Patience... zzzz

[romeike] 14/11/2016 22:09

An update is now inexcusably late.

[shoggoth] 13/11/2016 05:10

Bob's BoD also claimed that they were creating shareholder value, they just had a different definition of it than the rest of the world. Talk is cheap. Let's see some action.

[juju44] 12/11/2016 10:29

What we need is a change to the share price

[tadtech] 12/11/2016 10:22

The interesting aspect from the presentation was the No1 bullet point statement...

'The primary focus of the Executive and Board is shareholder value'

Despite the poor share price performance since 2012 institutional investors still hold around 45% of the stock. I suspect they forced change and I am certain there are more changes coming.

[danieldruff2] 12/11/2016 07:49

Does Marcus have anything to be lucky with? If the first payment from the mine is 2-3 million, that just keeps the lights on for a year and doesn't allow much additional activity. The fact that he was looking to reduce costs was one positive from the presentation noise. If he can get yearly spend down by a million that would help them more than fluctuations in the gold price.

[blobby] 11/11/2016 22:18

juju, Hindsight is a wonderful thing. The money was spent on Delafin, Blackrock, Tembo, Goldstone and many more. Unlike the early projects in Turkey the later ones did not pay back (not yet at least). Perhaps Bob lost his touch? Is Marcus more lucky?

[juju44] 11/11/2016 17:53

Blobby - why didnt they give the money to the shareholders. It was worth more than todays market cap. Answer - because they were incompetent idiots

[romeike] 11/11/2016 17:24

Gold is only down 30$ an ounce, hardly a heavy move. The fact is nothing has changed. Trump getting the presidency won't on its own usher in some marvellous economic boom. The banks are still basket cases and countries are still up to their eyes in debt.

[blobby] 11/11/2016 16:32

juju,

Those deals raised quite a bit of cash, more in fact than the current market cap and Stratex would have gone bust years ago without them. So, I can't accept the "Little good those deals did for shareholders" sentiment.

In my view Altintepe is the best of the early projects and was intended to be a cash cow for the company's future. The project has so far been very successful. The mine has been built all-be-it delayed by planning and there have been surprisingly few teething problems. Reported production costs have been very competitive and work seems to be accelerating on future phases.

I agree that we have not seen any dividends returned yet, although the half year accounts do show value being recognised. Perhaps the joint venture company will only return some cash at the end of it's financial year? It would be nice to know, but that does not seem to be the way of things yet. Assuming we receive a quarterly update in reasonable time then it should help to reassure us. Looking forward the mine should have a long life and my hope is the market de-risks the project which will be reflected in the share price.

[observer007] 11/11/2016 16:11

Gold off heavily today, market in the juniors has been poor recently but many are getting into oversold territory.

That includes STI, always a buy under 2p recently, worth a trade if nothing else, at some point it will bounce back to 2.5p-2.75p, who will be the first to take advantage??

Longs will wait for the real news which will come eventually.

[juju44] 11/11/2016 15:55

Little good those deals did for shareholders. I have never come across a situation like we have here so yes I am deeply suspicious after seeing just about everything else fizzle out at shareholders expense
Tell us wtf is going on

[juju44] 11/11/2016 15:00

I reckon Bahar are ripping us off. A soft touch set up by Bob of the circus . They cant find a way to tell us

[romeike] 11/11/2016 14:57

Yes, increasingly we are needing reasons for maintaining this investment. The share price has gone nowhere in 2 years while industry peers in "worse positions" have soared.

[juju44] 11/11/2016 14:27

Actually , unless gold collapses , I dont think you will be able to buy for 1.8p but good luck anyway

[charles clore] 11/11/2016 14:16

juju - as corguv says it's an unknown unknown. That means we don't even know what we don't know!

One thing I do know - I will be getting my wallet out at 1.8p

[juju44] 11/11/2016 14:01

In uncertainty gold should prosper - it hasnt

[corguv] 11/11/2016 14:00

Currently we are in an unknown unknown investment environment imo.
Uncertainty is the dominant factor and that can be more damaging than defined problems.
As for Stratex PR and news flow now disappointing.

[romeike] 11/11/2016 11:42

So having lost a fortune for their clients trading a Clinton win and then panic selling on the day Trump won, the excellently informed and skilled pension fund managers are now pulling out of gold and defensive stocks and falling over themselves to invest in the banks that of course are going to do so much better just because Trump is President-Elect and this idea that a possible 0.25% rate increase in December is going to send bank revenues into the stratosphere.

I am so glad I do my own pension investing. Of course the fund managers don't care as they get to skim off their 2%-3% no matter how poorly their fund performs.